Retail news

• Shares of fintech Chime soar in market debut

  12-06-2025 20:29
  Payment group’s explosive start suggests IPO market is beginning to warm up
  
  Read more

• Rogue imports of ‘Dubai chocolate’ may threaten Britons with allergies, FSA says

  12-06-2025 18:05
  Food Standards Agency says some bars of the pistachio-filled treat do not have reliable labelsPistachio-filled “Dubai chocolate” is one of the UK’s hottest food trends but food safety officials warn that rogue imports could pose a serious threat to those with allergies.With shoppers clamouring to get their hands on the bars, the Food Standards Agency (FSA) said it has identified a “number of products that pose a health risk to consumers with allergies”. Continue rea
  
  Read more

• Data: Who are retail’s highest paid bosses of 2025?

  12-06-2025 17:12 via retailgazette.co.uk
  Executive pay in retail has been in the spotlight in recent weeks after it emerged that new Burberry boss Joshua Shulman was awarded nearly £2.6m during his first nine months at the helm.
  The hefty pay packet was revealed weeks after the luxury fashion brand announced it would be cutting around 1,700 jobs worldwide to reduce costs across the business. Retail Gazette compares the pay of the UK’s top retail CEOs.Tesco boss Ken Murphy retained his crown as the sector’s highest pai
  
  Read more

• Upmarket Finest range helps lift Tesco sales amid UK ‘home dining boom’

  12-06-2025 14:25
  Sales of own-brand line jump 18% in first quarter, which may be reaction to high restaurant prices, say analysts• Business live – latest updatesHouseholds treating themselves to Tesco’s upmarket Finest range have helped lift sales at the UK’s biggest supermarket, with analysts suggesting high restaurant prices could be driving a home-dining boom.Sales of the high-end own-brand line jumped 18% in the first quarter, while fresh food purchases were also boosted by shoppers en
  
  Read more

• Advertisement

• Former Wilko employees win £2m payout following chain’s collapse

  12-06-2025 13:23 via retailgazette.co.uk
  Around 10,000 former Wilko employees will share a pay out of £2m after winning a legal case.
  A judgement at the Employment Tribunal ruled that the discount chain had failed to properly consult with workers before it went into administration in August 2023.
  It means that around 9,000 former retail employees, who worked with 20 or more people, will receive four days pay, while roughly 1,100 who worked in a distribution centre or support centre role will receive 13 days pay, GMB Union said. R
  
  Read more

• Tesco CEO: ‘Everyone has upped their game’ amid supermarket price war

  12-06-2025 12:24 via retailgazette.co.uk
  Tesco chief executive Ken Murphy admitted the grocery giant is feeling increased competition pressures from its rivals following criticism of a “phoney” price war.
  The supermarket boss noted that the retailer’s competitors had “upped their game” since Asda signalled the start of a potential price war earlier this year.
  “You’re not necessarily seeing massive movements and relative competitiveness, but everyone has upped their game a notch,” Murphy s
  
  Read more

• Revolution Beauty reviews ‘a number’ of takeover offers

  12-06-2025 11:49 via retailgazette.co.uk
  Revolution Beauty is currently reviewing takeover bids it has received from “a number of” interested parties after putting itself up for sale last month.
  The beauty brand said it was evaluating the offers but that there was “no certainty” a full offer would be made.
  It emerged this week that Frasers Group, which has stakes in the LookFantastic owner THG, is participating in the sale process. Related StoryFrasers Group signals all-cash bid for Revolution Beauty10/06/2025 x
  
  Read more

• Poundland sold for £1 with dozens of store closures expected

  12-06-2025 11:27
  Buyer Gordon Brothers will invest up to £80m in discount retail chain to try to turn business aroundThe discount retail chain Poundland is expected to close dozens of its stores after it was sold to the investment company Gordon Brothers for £1.Poundland, which has more than 800 outlets in the UK and employs about 16,000 people, was put up for sale by its owners, Pepco Group, in March as a result of “challenging trading conditions”. Continue reading...
  
  Read more

• Advertisement

• Pepco Group confirms sale of Poundland to Gordon Brothers

  12-06-2025 11:06 via theretailbulletin.com
  Pepco Group has confirmed that it has sold its Poundland business to Gordon Brothers for a “nominal” price. The move forms part of the group’s plans... View Article
  
  Read more

• Tesco grows sales despite “intensely competitive” grocery market

  12-06-2025 10:24 via theretailbulletin.com
  Tesco has posted an increase in first quarter sales despite what it described as an intensely competitive grocery market. In the 13 weeks to 24 May,... View Article
  
  Read more

• Poundland sold for less than a pound

  12-06-2025 09:56
  Investment firm Gordon Brothers plans to restructure struggling UK discount retailer after sealing acquisition
  
  Read more

• Currys boosts Cash for Trash reward

  12-06-2025 09:52 via theretailbulletin.com
  Currys is enhancing its Cash for Trash initiative by offering an improved reward for customers recycling their unwanted tech. Customers dropping off old electricals at any... View Article
  
  Read more

• Crew Clothing to enter activewear category

  12-06-2025 09:07 via theretailbulletin.com
  Crew Clothing is entering the activewear category with the launch of its new Crew Sport collection. The range for men and women offers a selection of... View Article
  
  Read more

• Gordon Brothers acquires Poundland, pledges £80m to turnaround plan

  12-06-2025 08:53 via retailgazette.co.uk
  Investment firm Gordon Brothers has acquired Poundland from Pepco Group and pledged up to £80m for the retailer’s proposed management-led turnaround plan.
  Barry Williams, who returned as CEO in March, will continue to lead the business as it undergoes restructuring amid challenging trading conditions.
  The discounter, known for its low prices and wide product range, operates around 800 stores across the UK and Republic of Ireland, employing approximately 16,000 people.
  Williams said:
  
  Read more

• Tesco delivers Q1 sales rise spurred by ‘powerful value proposition’

  12-06-2025 08:41 via retailgazette.co.uk
  Tesco has posted strong sales growth in its first quarter, with like-for-like sales up 4.6% across the group and UK market share rising to 28% as shoppers respond to its value-led strategy.
  For the 13 weeks to 24 May, the UK’s biggest supermarket recorded a 5.1% increase in UK like-for-like sales, driven by strong customer demand for value, quality and a range of new own-brand products.
  CEO Ken Murphy said: “We are pleased with our performance across the first quarter. Our continued
  
  Read more

• Inditex sales boosted by popularity of spring/summer collections

  12-06-2025 08:36 via theretailbulletin.com
  Zara owner Inditex has seen a seen its first quarter sales increase by 1.5% to €8.27 billion after its spring and summer collections proved popular with... View Article
  
  Read more

• Retailers welcome £2bn police boost, warn it won’t solve high street crime

  12-06-2025 08:29 via retailgazette.co.uk
  Retail leaders have cautiously welcomed Chancellor Rachel Reeves’ £2bn boost to police funding in this week’s Spending Review, amid mounting pressure to tackle soaring retail crime.
  The new measures will increase police spending by an average of 2.3% per year above inflation and aim to recruit 13,000 additional police officers, PCSOs and special constables across England and Wales.
  “I am increasing police spending power by an average 2.3% per year in real terms over the s
  
  Read more

• Primark chooses Manchester for opening of second standalone home store

  12-06-2025 07:44 via theretailbulletin.com
  Primark is to open a second standalone home store this summer at Trafford Palazzo in Manchester. The announcement follows the launch of the retailer’s debut home... View Article
  
  Read more

• Will Starbucks’ big bet on its baristas pay off?

  12-06-2025 06:01
  Wall Street nervous about ‘biggest human capital investment’ in coffee company’s history
  
  Read more

Follow @retailuknws on Twitter!